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MISSISQUOI ASSOC. HYDRO v. TOWN OF SHELDON

No. 21-172.

275 A.3d 145 (2022)

2022 VT 8

MISSISQUOI ASSOC. HYDRO c/o Enel Green Power, v. TOWN OF SHELDON.

Supreme Court of Vermont.

March 4, 2022.

Attorney(s) appearing for the Case

Christopher D. Roy of Down Rachlin Martin PLLC, Burlington, and Michael E. Nicholson and Peter J. Crossett of Barclay Damon LLP, Rochester, New York, for Plaintiff-Appellee.

Robert E. Fletcher and Joseph S. McLean of Stitzel, Page & Fletcher, P.C., Burlington, for Defendant-Appellant.

PRESENT: Reiber, C.J., Eaton, Carroll and Cohen, JJ., and Manley, Supr. J. (Ret.), Specially Assigned.

¶1. The Town of Sheldon appeals from the hearing officer's valuation of the subject property—a hydroelectric generating facility—as of April 1, 2019. It challenges the hearing officer's application of the Income Approach to determine the property's fair market value and his rejection of the Town's Direct Sale Comparison...

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